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SpaceX's IPO Storm and the $800B Share Flood
SpaceX’s wild ride just got wilder: after a meteoric IPO surge, its stock plummeted 32% from peak, sparking alarm from Nasdaq’s Robert Greifeld. He warns the market’s old rules weren’t built for a $75B IPO—and now, $800B in locked-up shares from early investors will flood the market by October. Greifeld, who sold his own SpaceX shares on day one, says these investors aren’t chasing gains—they’re cashing out. Even with index funds buying in (thanks to SpaceX joining the Nasdaq-100 on July 7), Greifeld sees a ceiling: Starlink’s profits can’t offset massive losses in AI and rockets. The real…
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